Epazz Uplisted to the OTCQB; Epazz Has Secured Financing to Acquire Medical Billing Software Company; Expects to Add Over $600,000 in Revenue Stream

CHICAGO, IL / ACCESSWIRE / October 23, 2014 / Epazz Inc. EPAZD, a leading provider of cloud-based business software solutions, announced today that the company has been uplisted to the OTCQB and has secured financing to acquire a medical billing software company. This new acquisition is expected to provide substantial growth to Epazz's revenue stream by generating over $600,000 increase in revenues in the first year.

The target company was founded in the 2000s, and has a long history of positive cash flow and profitability. The software has been upgraded to manage the new health-care regulations. Many hospitals and clinics need to update their systems to manage the new regulations.

"The healthcare industry is a major area we are focusing on for the next few years," says Shaun Passley, PhD, CEO of Epazz, Inc. "We see many acquisition opportunities and new product developments. Currently, Epazz software products are used in many of the major hospital and health-care clinics around the country. This acquisition will help us gain market share."

About Epazz, Inc.

Epazz, Inc. is a leading cloud-based software company that specializes in providing customized cloud applications to the corporate world, higher-education institutions, and the public sector. Epazz BoxesOS(TM) v3.0 is the complete web-based business software package for small- to mid-sized businesses, Fortune 500 enterprises, government agencies, and higher-education institutions. BoxesOS provides many web-based applications that organizations must otherwise buy separately. Epazz's other products are AgentPower(TM), a workforce management software, and AutoHire(TM), an applicant tracking system.

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Safe Harbor

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe," or "continue" (or the negatives thereof) or similar terminology. Such forward-looking statements are subject to risk, uncertainties, and other factors that could cause actual results to differ materially from future results or results implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz assumes no obligation, does not intend to update these forward-looking statements, and takes no obligation to update or correct information prepared by third parties that are not paid for by Epazz.

Investors are encouraged to review Epazz's public filings on SEC.gov, including its unaudited and audited financial statements, and its Registration Statement, Form 10-Ks, and Form 10-Qs, which contain general business information about the company's operations, results of operations, and risks associated with the company and its operations. Penny stock picks need to be researched. Do your homework. Please review all of our filings.

CONTACT:
For more information please contact:
Epazz Inc.
Investor Relations
investors@epazz.net
(312) 955-8161
www.epazz.com/investors.aspx

SOURCE: Epazz Inc.